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Ambarella, Inc. (NASDAQ: AMBA) is a leading developer of low-power, high-definition (HD) and Ultra HD video compression and image processing solutions. The company's innovative products serve a diverse range of high-definition camera applications, including security IP-cameras, sports cameras, wearable cameras, flying cameras, and automotive video camera recorders. Ambarella's state-of-the-art compression chips are also integral to broadcasting TV programs around the globe.
Founded on the principles of cutting-edge technology and efficiency, Ambarella specializes in semiconductor processing solutions for high-definition video capture, sharing, and display. Their solutions are marketed to original design manufacturers (ODMs) and original equipment manufacturers (OEMs), finding applications in broadcast encoders, wearable device cameras, automotive cameras, and security cameras. The company's system-on-a-chip (SoC) designs, built on a proprietary technology platform, are highly adaptable to a range of end-market applications.
Geographically, Ambarella has a significant presence in Taiwan, the Asia Pacific region, Europe, North America, and the United States, deriving a majority of its revenue from Taiwan. The firm recently announced its fourth quarter and full fiscal year 2024 financial results, reporting a revenue of $51.6 million for the quarter and $226.5 million for the fiscal year, indicating a noticeable decline from previous periods. Despite the revenue dip, Ambarella maintains robust gross margins and continues to focus on its edge AI semiconductor products.
Ambarella's products are pivotal in several human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirrors, drive recorders, driver/cabin monitoring, autonomous driving, and robotics applications. The company's low-power SoCs integrate high-resolution video compression, advanced image processing, and powerful deep neural network processing to enable intelligent perception, fusion, and planning.
Recently, Ambarella has been active in forming strategic partnerships to advance its technology and market reach. Notable collaborations include agreements with SANY Group for automated driving solutions, Neusoft Reach for autonomous driving technology, and Leapmotor for intelligent driving systems in the new energy vehicle market. These partnerships underscore Ambarella's commitment to innovation and its strategic focus on expanding its influence in the AI and automotive sectors.
With a clear vision for the future, Ambarella aims to return to revenue growth in fiscal year 2025, leveraging the strength of its AI products and strategic initiatives. The company continues to invest in research and development to drive technological advancements and meet the evolving needs of its customers.
For more information, please visit www.ambarella.com.
Ambarella, an edge AI semiconductor company, reported its financial results for Q1 FY2025 ending April 30, 2024. Revenue was $54.5 million, a 12% drop from $62.1 million in Q1 FY2024. GAAP gross margin increased slightly to 60.9%, up from 60.4%. The GAAP net loss widened to $37.9 million, or $0.93 per share, from $35.9 million, or $0.91 per share, a year earlier. On a non-GAAP basis, gross margin was 63.4%, up from 63.1%, and net loss was $10.5 million, or $0.26 per share, compared to $6.0 million, or $0.15 per share, in Q1 FY2024. Ambarella's guidance for Q2 FY2025 forecasts revenue between $60 million and $64 million, and non-GAAP gross margin between 62.5% and 64%.
The company has $203.3 million in cash and marketable securities, down from $219.9 million in the previous quarter and $227.4 million a year ago. CEO Fermi Wang noted early signs of AI inferencing growth at the network edge and several new customer wins in AI applications for EV passenger and commercial vehicles, as well as IoT markets.
Ambarella announced its latest AI systems-on-chip (SoCs), the CV75AX and CV72AX, at AutoSens USA. Aimed at in-vehicle fleet telematics systems, these new 5nm SoCs provide enhanced AI performance without fan cooling. The CV75AX offers up to 2x the AI performance of its predecessor and supports front-facing ADAS and DMS, while the CV72AX supports up to 10 cameras and offers 6x AI performance improvements for vision transformers and VLMs. Both SoCs feature Ambarella’s CVflow® 3.0 AI engine, doubled CPU performance, and are built on a 5nm FinFET process. They are also compatible with Ambarella’s Cooper Developer Platform for accelerated development.
Ambarella, Inc. will hold its first quarter fiscal year 2025 earnings conference call on May 30, 2024, at 1:30 p.m. (Pacific Time). Earnings release to follow after market close. Registration required to ask questions. Webcast available.
Neusoft Reach and Ambarella have formed a strategic partnership to advance autonomous driving and intelligent automotive technology. The collaboration aims to leverage the strengths of both companies in areas such as automotive software, AI, and SoC products to drive innovation and market development. Through joint efforts, they have successfully launched products for intelligent driving functions and safety upgrades, with plans for future high-performance AI domain control solutions.
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